Question
Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B
Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 371,000 shares, 312,000 shares, and 234,000 shares, respectively.The prices of Stocks A, B and C for Days 1, 2, 3 and 4 are given in the table below:
StockA StockB stockC
Day1 30.37 41.70 81.85
Day2 31.03 40.61 78.65
Day3 32.05 42.03 79.28
Day4 33.49 44.65 79.92
If thebenchmark value-weighted index was 1508.13 on Day 1, thebenchmark value-weighted index on Day4 was
( ).(Note: Answer must be correct to 2 decimal places, but you may leave your answer with more than 2 decimal places.)
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